A Small Scale Industrial Unit, is one which is engaged in the manufacture, processing or preservation of goods or is a servicing and repair workshop undertaking repairs of machinery used for production, mining or quarrying or custom service unit (except water service units), having investments in plant and machinery (original cost) not exceeding Rs. 1 Crore.
Bank of Baroda has special Loans and Advances for the purpose of fixed capital investment and also for working capital requirement.
Key Benefits
The loans and advances offered by Bank of Baroda for SSI Units can be used for the basic needs of:
- Acquisition of factory, land and construction of building spaces.
- Purchase of plant and machinery including lab equipment, testing equipment, etc.
- Meeting working capital requirements, like raw materials, stock-in-progress, finished goods and for purchase or discounting of bills.
- Temporary additional assistance for meeting the urgent needs of raw material.
- Additional monitory assistance for any eligible purpose.
For more on the benefits of this product and the terms and conditions applicable on it, CLICK HERE.
> SSI
> Tiny Enterprises
> Small Enterprises
> Margin Money Scheme of KVIC
